Bank of Nova Scotia said today its second-quarter profits rose 8% on growth in all sections of its business.
The bank said it made $894 million, or 89¢ a share), up from $826 million, or 81¢ a share a year earlier.
Revenue during the quarter was $2.83 billion, up from $2.69 billion.
“The bank experienced its best asset growth in several years, with a 14% increase in assets since the beginning of the fiscal year, spread across many key areas and products,” said Rick Waugh, Scotiabank president and CEO, in a release.
Waugh said the company’s international banking posed a 44% rise in income year over year.
The bank’s provision for bad loans held steady in the quarter at $35 million.
Scotiabank announced an 8.3% or three-cent increase in its dividend, to 39¢ a share. It will start in the quarter ending July 31, to shareholders of record on July 4.